Finance Lead for Square's ILC

  • Full-time

Company Description

We believe everyone should be able to participate and thrive in the economy. So we’re building tools that make commerce easier and more accessible to all. We started with a little white credit card reader but haven’t stopped there. Our new reader helps our sellers accept chip cards and NFC payments, and our Cash app lets people pay each other back instantly. We’re empowering the independent electrician to send invoices, setting up the favorite food truck with a delivery option, helping the ice cream shop pay its employees, and giving the burgeoning coffee chain capital for a second, third, and fourth location. Let’s shorten the distance between having an idea and making a living from it. We’re here to help sellers of all sizes start, run, and grow their business—and helping them grow their business is good business for everyone.

Job Description

Responsible for the management and direction of all accounting, treasury and financial reporting related activities of the ILC, including funding, Asset Liability Management (ALM), general ledger, financial analysis, budgeting, forecasting, and regulatory financial compliance.  Also responsible for ensuring that finance activities operate in accordance with regulatory guidelines and all Community Reinvestment activities are completed as required. This role will report to Square’s CFO with a strong dotted line reporting structure to the ILC’s CEO.

You will:

  • Manage and direct the finance and operational functions of the bank to ensure compliance with US GAAP, Sarbanes-Oxley, and U.S. and State of Utah Banking (FDIC) regulations.  

  • Also responsible for budgeting and forecasting and financial statement reporting, acting as a core partner to the Finance & Strategy team for overall Square reporting and planning.

  • Oversee the asset / liability management function of the bank and all funding activities, with related reporting requirements, while maintaining regulatory liquidity positions.

  • Manage and direct pricing, volume, risk assumptions and analysis to maintain adequate profitability for the bank.

  • Manage and direct the Community Reinvestment activities of the bank in compliance with the FDIC and State Banking Laws and Regulations.

  • Serve as the lead for the Management Asset/Liability Committee and a voting member of the Management Credit Committee.

  • Direct and manage the training needs and requirements of the bank’s finance operations to ensure all finance personnel are properly trained and supervised.

  • Lead the Management Asset/Liability Committee and participate as a member of the Management Credit Committee and to review financial information with other senior management.

  • Help with the development and maintenance of robust and scalable financial reporting systems.

  • Liaise with regulators with respect to financial operations.

  • Working closely with Square Internal Audit function and external auditors with respect to financial reporting and compliance.

  • Coordinate Financial reporting across Square’s Accounting, Tax, Treasury and Audit functions.

Qualifications

You have:

  • A Bachelor’s degree in Accounting and CPA required.  Master’s degree preferred.

  • Advanced knowledge of banking regulations, Call reports, examination management, Sarbanes Oxley, and US GAAP.

  • Strong communication, presentation, project management and overall leadership skills, as well as ability to handle multi-tasks with demonstrated flexibility, organization, perseverance and analytical skills.

  • A minimum of 15 years experience in public accounting and the banking industry with significant exposure to accounting and financial reporting.  Capital market, industrial bank and CRA experience preferred.

Additional Information

At Square, we value diversity and always treat all employees and job applicants based on merit, qualifications, competence, and talent. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of the San Francisco Fair Chance Ordinance.

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